JPMorgan, DBS and Mizuho test Partior blockchain FX PvP solution

According to BlockBeats, on July 6, the Singapore project Partior completed the proof-of-concept for foreign exchange payment-to-payment (PvP) settlement, with participants including JP Morgan, DBS Bank and Mizuho Bank.

PvP settlement eliminates settlement risk by exchanging two currencies simultaneously, and Partior’s solution supports 24/7 real-time atomic settlement, scheduled to launch later this year.